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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Acciona    ANA   ES0125220311

ACCIONA (ANA)
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ACCIONA : operates 183-MW wind farm following energy reform in Mexico

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06/14/2018 | 04:28pm CEST

ACCIONA has begun the start-up of the 183-MW El Cortijo wind farm in Tamaulipas (Mexico), the first to enter service of those associated with the Energy reform in Mexico. Fifteen months after the start of construction work, the company has grid-connected the first wind turbines, a process that will continue over the next few weeks until the commercial commissioning of the whole facility. The investment in the wind farm is around 235 million U.S. dollars.

El Cortijo is the result of the award to ACCIONA of 585.5 GWh of power, and the associated clean energy certificates, in the first long-term electric power auction in Mexico following the countrys Energy Reform. ACCIONA started building work on the facility in 2017, being the first company to do so for the projects awarded in the auction. The pace of construction means that the wind farm can be completed before the scheduled date.

We are very pleased to have begun the commissioning of El Cortijo just fifteen months after starting the building work with an exemplary construction process, says ACCIONA Mxico CEO Miguel Angel Alonso. ACCIONA Energa always completes its projects on schedule, and we believe that this commitment to the projects awarded to it is a key factor in renewable energies developing as we all desire.

Located 40 kilometers south of Reynosa, El Cortijo is equipped with 61 3-MW rated power Nordex wind turbines (AW125/3000 model) and a rotor diameter of 125 meters, mounted on 120-meter-high (hub height) concrete towers.

The wind farm will produce electricity of renewable origin equivalent to the consumption of around 350,000 Mexican households. This will avoid the emission of more than 429,000 tonnes of CO2 per year, with a cleaning effect on the atmosphere equivalent to the photosynthesis of 21.5 million trees.

The results of the third long-term electric power auction in Mexico, published in November 2017, awarded ACCIONA 52.04 MW of guaranteed capacity from this wind farm. This is the third source of revenue for the facility, in addition to the sale of energy and clean energy certificates.

An average of 400 people have worked on El Cortijo in the construction phase (570 at the time of highest activity).

This wind farm is the fifth under ACCIONAs ownership in Mexico, where it has installed has a total of 740 MW: 557 MW in Oaxaca and 183 MW in Tamaulipas. The company has also installed 303 MW of wind power for third parties.

(c) Publishing Rights Reserved to Bahrain News Agency 2003 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Sales 2018 6 936 M
EBIT 2018 626 M
Net income 2018 245 M
Debt 2018 4 922 M
Yield 2018 4,14%
P/E ratio 2018 16,47
P/E ratio 2019 15,18
EV / Sales 2018 1,29x
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José Manuel Entrecanales Domecq Chairman & Chief Executive Officer
Carlos Maria Arilla de Juana Group Chief Financial Officer
Arantza Ezpeleta Puras Chief Technology & Innovation Officer
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Daniel Entrecanales Domecq Director
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